How To Use Plus500 Trading

Plus500 Review: our experience with this broker – How To Use Plus500 Trading
Plus500 is an online broker where you can speculate with CFDs on cryptocurrencies (Instrument availability subject to regulations), Forex and stocks. In this substantial review, we share our experiences with this broker. In our test, Plus500 became an easy to use broker where you can respond to the most recent market advancements at low rates. How To Use Plus500 Trading.

How To Use Plus500 Trading

Advantage Plus500

  • At Plus500 you can speculate on price developments at low rates.
  • You can sell a comprehensive series of CFD shares.
  • It is possible to attempt Plus500 for free with a demo.
  • On Plus500 you can use the easy to use web trader.
  • Plus500 uses its services in more than 30 different languages.
  • On Plus500 you can begin trading from $100. How To Use Plus500 Trading.

 

Drawbacks Plus500

  • Plus500 does not supply advanced software for professional traders.
  • You can not find extensive analyses within the platform.
  • Plus500 customer care is not available by phone.
  • On Plus500 you can just trade in CFDs.

Would you like to attempt the possibilities at Plus500 with a demonstration entirely free of charge and without threat? Utilize the button listed below to open a demo account with this broker:

How To Use Plus500 Trading

We discuss the following topics in the Plus500 review:

  • Open account: how can you open an account with Plus500?
  • Deposit money: how can you transfer and withdraw money?
  • Costs: how much does trading cost on Plus500?
  • Functionalities: what are the possibilities of the software?
  • Trading alternatives: in what securities you trade on Plus500?
  • Assistance: what support do you get when trading?
  • Costumer service: what is the quality of the customer service? (costumer-service).
  • Reliability: Is this broker reliable? (reliability).
  • Info: more info about Plus500 (details).
  • Conclusion: the verdict of the Plus500 review (conclusion).

 

Opening an account with Plus500
To do this you need to first go to the Plus500 site. Click here * to open the Plus500 site. To produce a free demo account, you simply need to select an e-mail address and a password. It is also possible to visit with your Facebook or Google account. After you have left this details, you can right away begin trading. How To Use Plus500 Trading.

How To Use Plus500 Trading

Plus500 accepts consumers from most countries. However, there are also citizenships that are not admitted to Plus500. Traders from for example, America, Brazil, Belgium and Syria are not able to open an account at Plus500 at this moment. Opening a demo-account with Plus500 is possible within clicks. In the evaluation, we therefore provide Plus500 a favorable rating for opening an account. How To Use Plus500 Trading.

 

Deposit & withdraw money
When you have actually ended up being acquainted with the Plus500 platform, you can switch to a genuine cash account at any time. The minimum deposit at Plus500 is $100. You can transfer money into your account by using one of these methods:

  • Creditcard.
  • Bank transfer.
  • PayPal.
  • Skrill.
  • iDEAL

Before your deposit can be processed, you should validate your identity. Plus500 needs to adhere to legislation and can just get verified customers. By confirming brand-new clients, Plus500 prevents costumers from using the account for money laundering.

How To Use Plus500 Trading

We have actually gone through the entire procedure and submitted the needed files. Our account was approved and released by Plus500 within an hour. After validating the identity of your account, you don’t have to do it again. The length of this procedure depends upon your individual circumstance and can be various for each client.

 

Withdraw money
You can withdraw the money into your account at any time. You can do this by transferring the money to your bank account or PayPal account. The transfer is made quickly and the cash will remain in your account within a couple of days. How To Use Plus500 Trading.

How To Use Plus500 Trading

 

On Plus500 there are no additional costs for depositing and withdrawing money. This is a huge advantage of the broker Plus500: many other brokers charge a small charge for withdrawing money. Traders can benefit from approximately 5 free withdrawals a month, after which a charge will be sustained.

How To Use Plus500 Trading

Evaluation of the expenses of Plus500
When you begin trading with Plus500, you clearly do not desire a large part of your money to be lost to high deal costs. In this part of the review, we take an in-depth take a look at the fees of trading with Plus500. Listed below we briefly analyze which costs Plus500 passes on to its consumers.

 

Spread
With Plus500 you pay a spread over every transaction. The spread is the difference between the buy and sell price of a CFD. Plus500 provides 2 spread systems for its instruments: Dynamic spread which is constantly changed according to the market spread out during the duration a position is open vs. a Spread which does not typically change in line with general market fluctuations while a position is open, however when the market is unpredictable and illiquid, may alter to a new level so that the underlying market conditions are better shown. Nevertheless, Plus500 aims to provide the tightest possible spreads at all times. How To Use Plus500 Trading.

 

Forex costs on Plus500
On Plus500 you can sell different currency pairs. At the time of composing, you are paying 0.6 pips in transaction fees on the pair of EUR/ USD. We compared these costs with those of other suppliers and concluded that these costs are comparable to those of other brokers. (We have actually drawn out these data on the 2th of June 14:00.).

 

Cryptocurrency costs on Plus500
On Plus500 you can also trade in cryptocurrencies such as Bitcoin. In our review it emerged that at Plus500 you can trade against relatively advantageously costs in Bitcoin CFDs. At Plus500 you pay a spread of $36 at the time of composing while at eToro you pay more than $50 per contract. Trading cryptocurrencies is therefore relatively advantageous at Plus500. (We have drawn out these data on the 2th of June 14:00.).

 

Share expenses on Plus500
At Plus500 you can also trade in shares by utilizing CFDs. As an example: For the CFD share Tesla you currently pay a spread of $ 0.95, which corresponds to 0.12% of the overall value. Trading CFD Tesla shares is for that reason possible at a low cost. (Please note that this is a picture on April 20, 2020 at 13:00.).

 

Financing costs at Plus500
With Plus500 you have the choice to trade on margin. Due to the fact that you can trade on margin, you do not have to put in the full amount of the trading position yourself. Nevertheless, you do need to pay a premium for this.

With each security you will see the overnight funding buy and the overnight financing sell costs. In some cases, you in fact get a premium for short positions. We compared Plus500 with other celebrations for this evaluation and the funding expenses were relatively low. Still, it is essential to remember that Plus500 is not extremely ideal for long-term trading because of the financing costs you need to pay on a daily basis. How To Use Plus500 Trading.

 

Other costs on Plus500
We have actually thoroughly examined the expenses for this evaluation, and we have not discovered any annoying surprise expenses. Nevertheless, you must ensure that you visit to the platform at least as soon as every three months. If you do not do this, costs for inactivity will be charged. This is the case with most brokers.

Do you have an account with Plus500 and are you not planning to trade for a while? Then it is a good idea to withdraw the money from your account.

 

You can check all Charges here:

Plus500 is primarily compensated for its services through the “market spread”. For instance, when trading EUR/USD, if the buy rate is 1.12078 then the sell rate would be 1.12072 respectively (which implies a market spread of 0.6 pips, in this example). Unlike other company who also charge commissions on each trade, Plus500 does not charge dealing commissions. How To Use Plus500 Trading.

However, the following extra charges may be used:

Overnight Funding – The overnight financing quantity is either contributed to or subtracted from your account when holding a position after a certain time (the “Overnight Financing Time”).
The over night funding time and the daily overnight funding percentage can be discovered in the “Particulars” link beside the instrument’s name on the primary screen of the platform.

Currency Conversion Fee – Plus500 will charge a Currency Conversion Cost for all trades on instruments denominated in a currency different to the currency of your account.
The Currency Conversion Fee will currently be up to 0.7% of the trade’s realised internet profit and loss and shown in real time into the unrealised net profit and loss of an open position.

Inactivity Cost – A fee of as much as USD 10 each month will be imposed, ought to you not visit to your trading account for a duration of a minimum of three months. This charge will be charged as soon as a month from that moment onwards, as long as no login is made to the account. The inactivity charge will be equal to the lower of the remaining readily available balance in your account or USD 10 (or equivalent depending on your currency). This is to balance out the cost incurred in making the service offered, despite the fact that it has not been utilized. Please note that the cost is only gathered from the Real Money account and just when there are sufficient readily available funds in the account. In order to avoid this cost, simply log into your trading account from time to time, as this is considered sufficient activity to prevent a cost from being charged.

Guaranteed Stop Order – if you select this function, please note that as it ensures that your position (trade) closes at a specific requested rate (cost), the trade is subject to a broader spread.

 

Conclusion Plus500 costs
The costs Plus500 charges are reasonable and in proportion to the amount you trade with. This makes it possible to trade with a small amount of money. In our short article about the costs on Plus500, we take a closer look at the different expenses you pay when you trade with Plus500.

How To Use Plus500 Trading

Software & possibilities
When you start trading, we comprehend that you obviously also wish to use a good software package. With Plus500 trading is mainly done by means of the online WebTrader. A terrific benefit of the WebTrader is the availability: you can log in to the platform at any time and from any location to open or close a position.

What stood out in our evaluation was the user-friendliness of Plus500. The platform looks clear and thanks to the search function you can quickly discover the CFD in which you want to trade. New customers will for that reason not need to browse long for purchase & sell buttons on Plus500. How To Use Plus500 Trading.

 

Opening a trade
Opening a trade with Plus500 is rather straightforward. It is very important to keep in mind that with Plus500 you constantly sell CFDs. With Plus500 you never straight trade in a share. The only thing that determines your outcome is the difference between the price at which you open and close the position.

When you open a position, you have 2 alternatives. You can buy the CFD or you can go short on the CFD. When you purchase the CFD you get a favorable result with a rising cost and when you sell the CFD you get a favorable outcome with a falling cost. Since you use take advantage of there is a high threat of losing cash quickly due to leverage.

 

The alternative to speculate on a declining cost is a significant benefit within the Plus500 platform. The choice to short sell increases your versatility and makes it possible to respond to different market situations.

 

Kind of orders
With Plus500 you can right away open an order. When you push buy or sell you will see the screen listed below:

How To Use Plus500 Trading

In the order screen you can go into the quantity you wish to trade with. You also have the alternative to automatically open or close the position after a particular price has been reached. This makes it possible to protect you trades when you have to go out. How To Use Plus500 Trading.

It is likewise possible to put an order with Plus500. You do this by going into a rate at which you automatically open the CFD position. By utilizing orders, you can attain even much better trading outcomes.

How To Use Plus500 Trading

 

Utilize
With Plus500 you have the alternative to use a leverage. With a lever you can take a larger position with the exact same quantity of money. Both your potential profit and your possible loss increase when you use take advantage of. With each security you can instantly see what the maximum take advantage of is that you can use.

The existence of a take advantage of is an advantage in the evaluation of Plus500. You can always decide to invest with smaller sized quantities if you wish to lower your threat.

 

Mobile application
On Plus500 you can also trade with the mobile application they use. The mobile application is less extensive than the WebTrader. You can carry out less extensive analyses with it. It is beneficial to also set up the mobile application. With the app you can get cautions when the cost of a security reaches a specific value.

The mobile application is extremely user-friendly and it is excellent to change your orders when market conditions change considerably. The mobile application is for that reason a strong point in our review of the Plus500 platform.

How To Use Plus500 Trading

Trading alternatives at Plus500
In this part of the evaluation we will go over the different types of securities you can trade in with Plus500.

Forex
With Plus500 you can sell CFDs on Forex. When you sell Forex, you hypothesize on price modifications in currency sets. You can for instance place a trade on the development of the euro against the dollar.

Shares
On Plus500 you can also trade in a substantial variety of CFD shares. The shares are nicely sorted by country, so you can rapidly find a share to trade.

Commodities
It’s likewise possible to sell commodities by utilizing CFDs. The most popular product for trading is oil. You can typically apply an optimum leverage of as much as 1:20 to investments in raw materials. When you sell gold you can use an utilize of 1:20.

Options
On Plus500 you can also sell CFDs on choices. Alternatives typically move highly: a choice can in some cases rise or fall in value by tens of percent. With CFDs you can apply an utilize of as much as 1:20 to options, which further increases your prospective gains or losses.

Indices or ETFs
On Plus500 you can also trade in CFDs on popular indexes or ETFs. You can for instance sell the Dow Jones or NASDAQ index trackers.


Cryptocurrencies

At Plus500 you can likewise trade with CFDs in the most popular cryptocurrencies. Cryptocurrencies are very unstable and it can therefore be interesting to actively speculate on their cost advancements. Among the most popular cryptocurrencies to sell is the Bitcoin. (” Instrument availability subject to regulations”). How To Use Plus500 Trading.


Conclusion on the trading choices at Plus500

Plus500 has a vast array of tradable CFD securities. Even relatively unknown local stocks can frequently be discovered on the Plus500 platform. This makes Plus500 an appealing broker for financiers from all nations. My experience with Plus50 has for that reason been extremely positive.

 

Assistance & research study
In this part of the review, we examine how Plus500 supports traders.

 

Technical analyses
At Plus500 you can perform technical analyses on the graphs. Within the software application you can utilize various drawing choices. You can draw horizontal levels to show price levels where the market frequently moves in the opposing instructions.

How To Use Plus500 Trading

You can also include technical signs on the chart. The range of technical indicators at Plus500 is huge. You can choose from more than 100 different choices. It is smart to utilize technical indications. By utilizing technical indications, you can carry out much better analyses.

How To Use Plus500 Trading

The technical analysis choices within the Plus500 software are extensive. Nevertheless, it is inconvenient that you can not save multiple charts. This implies that you have to duplicate the analyzes regularly. Professional financiers would have to download other programs to carry out more complex analyses.

 

Research and education
In this evaluation we can be fast about the possibilities of research study and education: at Plus500 these options are completely missing. There are no courses or webinars offered at Plus500. This is a drawback for people who sign up with Plus500 to learn how to trade better.

It works that you get a notice within the Plus500 software when intriguing advancements occur. When the price of, for instance, oil falls greatly, you will get a notice of this event. You can then decide for yourself whether you wish to take a position on the market advancement. How To Use Plus500 Trading.

Within the Plus500 software application you can likewise see how other users sell a security. By looking at the positions other traders take, you can see whether there are more buyers or sellers. Other basic information is missing with Plus500 platform. Plus500 does not score well in the field of research study and education in our opinion.

 

Customer care
Plus500 has a comprehensive and quick customer service that is readily available in more than 30 languages. Your problems can be solved quickly in your language.

It is suggested to get in touch with customer support via live chat. You can utilize the live chat button within the Plus500 WebTrader. By using the live chat, your issues can be fixed practically immediately.

It is also possible to email Plus500. Mails are typically addressed within a day. It is a pity that no phone number is available. This makes it difficult to speak directly to somebody. Due to the quick processing time, Plus500 still scores sufficiently in terms of customer care. How To Use Plus500 Trading.

How To Use Plus500 Trading

 

Security & dependability
Prior to you transfer cash with a company, you naturally want to know that it is entirely secure to do so. In this part of the evaluation, we take a look at how trusted Plus500 is.

Regulation
Supervisors guarantee that brokers follow the rules. Plus500 is supervised by:

  • Plus500UK Ltd authorized & controlled by the FCA (# 509909).
  • Plus500CY Ltd authorized & regulated by the CySEC (# 250/14).
  • Plus500SG Pte Ltd, licensed by MAS (#CMS 100648-1) and IE Singapore (#PLUS/ CBL/2018).
  • Plus500AU Pty Ltd (ACN 153301681), certified by: ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; authorized financial service provider in South Africa, FSP # 47546.

Security of your deposits
Depending upon your citizenship, you enjoy extra protection if Plus500 goes bankrupt. This is done through a so-called financier defense fund. All client funds are kept in a segregated customer savings account in accordance with the Cyprus Securities and Exchange Commission’s (CySEC).

Plus500 has likewise set a number of extra guidelines to make sure that your money is as secure as possible on Plus500. Listed below you can find an overview of these measurements:

How To Use Plus500 Trading

Plus500 will never ever hypothesize with consumers’ cash. All funds are kept in a separate checking account, which suggests that this cash is protected when unforeseen things happen with Plus500. And last but not least, on Plus500 you are secured versus a negative balance, since he Negative balance defense is a regulatory requirement for all EU brokers. When you trade with Plus500, you can never ever be left with a residual financial obligation. How To Use Plus500 Trading.

 

Conclusion dependability
Plus500 is 100% no rip-off. Plus500 safely manages client assets. The company is likewise supervised. Plus500 has actually been around considering that 2008 and is even listed on the London stock market. These are all good indicators that Plus500 is reputable and we have concerned that conclusion ourselves.

How To Use Plus500 Trading

About the company
Plus500 was founded in 2008 and has grown strongly since then. Plus500 is active in more than 30 countries and served more than 200,000 active consumers in 2019. Plus500 executed over 35 million transactions with a value of over $1,000 billion in one year. The headquarters of the business can be discovered in Israel, but they have actually opened numerous extra offices in other countries. Do you need to know more about the Plus500 company? In this article you will discover everything you require to know!

How To Use Plus500 Trading

Conclusion evaluation Plus500
Plus500 is among the best CFD brokers. With Plus500 you can actively trade CFDs on all known shares and cryptocurrencies by using the easy to use software application. On Plus500 you can trade at low rates. You likewise have the opportunity to react to altering market conditions by placing orders on both rising and falling prices. How To Use Plus500 Trading.

Do you want to discover how Plus500 works? Right away open a free demo-account by pressing the button listed below: